Cautious Hold Rating for PLUXEE N.V. Amid Short-Term Gains and Long-Term Challenges

Jefferies analyst Hannes Leitner has maintained their neutral stance on PLX stock, giving a Hold rating on April 23.

Hannes Leitner’s rating is based on a combination of factors that influence PLUXEE N.V.’s financial outlook. The company reported slightly better first-quarter results, primarily due to increased float revenues, which led to a modest upgrade in their 2025 EBITDA margin expectations.
However, despite these positive short-term results, there are concerns about the long-term interest rate environment, which is expected to remain unfavorable. Additionally, regulatory challenges, particularly in Brazil, which constitutes a significant portion of the company’s business, pose potential risks. These factors contribute to the decision to maintain a Hold rating, suggesting a cautious approach while monitoring the evolving situation.

In another report released on April 23, UBS also maintained a Hold rating on the stock with a €23.00 price target.